The China Development Bank (CDB) has granted a loan of $254.76 million for the construction of the Kano-Kaduna railway project in Nigeria.
In a statement on Tuesday, the bank said the funding is
expected to support the smooth progress of the infrastructure project.
The CDB noted that the construction is being carried out by
China Civil Engineering Construction Corporation (CCECC), with financial
backing from the bank.
“The Kano-Kaduna railway, with a total length of 203
kilometers, is a standard-gauge railway,” the statement reads.
“Once completed, it will provide direct rail connectivity
between Kano, an important northern city in Nigeria, and the country’s capital
Abuja, offering local residents a safe, efficient, and convenient mode of
transportation.”
In addition to improving mobility, the bank said the project
is expected to stimulate economic growth along the railway corridor, creating
job opportunities and promoting related industries.
“The Kano-Kaduna railway project has been included in the
list of practical cooperation projects for the Third Belt and Road Forum for
International Cooperation,” the CDB added.
The bank said the construction is progressing smoothly,
reiterating its commitment to working closely with the Nigerian government to
ensure the disbursement of funds and effective management of the next phases of
the project.
On July 15, 2021, President Muhammadu Buhari flagged off the
construction of the Kano-Kaduna railway project.
The rail project is the third segment of the Lagos-Kano
standard gauge railway modernisation project.
The first segment (Abuja-Kaduna) and the second segment
(Lagos-Ibadan) were inaugurated for commercial operations in July 2016 and June
2021, respectively
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